30 December 2012, 22:26
(30 December 2012, 21:50)Barneyboy Wrote: yeah ok but if the pound takes a hit ,then manufacturing here will be cheaper
It might be cheaper to export, slightly, but the markets for what we manufacture and export are relatively small. As for making it cheaper for domestic purchasers, any loss in the value of the pound would negate that.
I feel more comfortable having the City of London manipulating the worlds currencies that I would about us making TVs, DVD players and crap that no one actually needs. Plus we would have to tool and train up.
What we do well at and earn out living at but could earn so much more is in R&D.